Here’s how it breaks down by major:
Unfortunately, that’s the not the entire picture when it comes to hidden expenses that could derail your retirement if you have a family.
Particularly for early retirees, there’s another financial obligation they may be facing beyond dependent adult children — that of the financial obligations that go along with having aging parents.
So some early retirees may find their wallets getting hit on two fronts by both the young and the old in their lives. It’s a phenomena that’s aptly called being a part of the “sandwich generation.”